Comments on: Lenders Making Bank: Bush, Obama & the FDIC

By: AgentGenius

AgentGenius — Wed, 06 Jan 2010 17:36:56 +0000

#agnow Bob and Larry - good articles however there are questions on the seller side that could impact why the poten... http://bit.ly/8WLd8l

By: Glenn in Naples

Glenn in Naples — Wed, 06 Jan 2010 12:36:52 +0000

Bob and Larry – good articles however there are questions on the seller side that could impact why the potential short sale never got an approval.
- Was there a BPO done and the estimated market value come in higher than the full price offer?
- Was the seller offered a settlement by the investor, which was rejected? There are strategies that do allow the seller to be in a better position than the settlement offered.
- Did the seller have resources to cover part or all for the short?
- What income does the seller have and where is it going?
- Were there other liens against the property and the lien holders not able to agree to their piece of the pie? In one case I found 7 lien holders on a property and 2 were superior to the first mortgage.
- Did the lien holder of this property communicate with the attorneys handling the foreclosure?

There are just too many questions on the seller’s side which may not have been answered to result in this situation.

Just my 2 cents.

By: Ryan Walley

Ryan Walley — Thu, 17 Dec 2009 06:44:57 +0000

http://agentgenius.com/g-rants-insanity-more/real-estate/lenders-making-bank-bush-obama-the-fdic/ | http://ow.ly/MQRJ

By: Cottrell Realty

Cottrell Realty — Thu, 17 Dec 2009 04:25:45 +0000

Why some short sales will never close - Nice piece by @bob_wilson http://ow.ly/MQRJ

By: BawldGuy

BawldGuy — Mon, 14 Dec 2009 17:49:49 +0000

I explained this exact dilemma to a client over the weekend, whose sibling was in trouble. When folks see this explanation, (yours btw was much mo betta than mine) there are several ‘aha’ moments. When I told him his brother was negotiating with the wrong folks, he was livid, but happy to at least understand.

By: Paula Henry

Paula Henry — Mon, 14 Dec 2009 11:30:50 +0000

Why you can't get a short sale - - @agentgenius Lenders Making Bank: Bush, Obama & the FDIC http://bit.ly/5vWzut

By: Paula Henry

Paula Henry — Mon, 14 Dec 2009 06:29:57 +0000

Bob – You have hit on a “sore” subject with me and I’m certain many more agents. I read this article yesterday and just shook my head. While the government is telling homeowners they are ready and willing to make the banks help them, they make deals behind their back to make it most difficult and trying to get past the person answering the phone.

By: Natasha Hall

Natasha Hall — Mon, 14 Dec 2009 05:32:54 +0000

Lenders Making Bank: Bush, Obama & the FDIC - Anyone ever have the short sale deal that makes sense collapse, only ... http://ow.ly/169f0e

By: Chris Lewis

Chris Lewis — Mon, 14 Dec 2009 04:03:39 +0000

Why some short sales will never close http://bit.ly/7XVbTn

By: Janet Caldwell

Janet Caldwell — Mon, 14 Dec 2009 04:03:38 +0000

Why some short sales will never close http://bit.ly/90nlxF

By: Mr. Short Sales

Mr. Short Sales — Mon, 14 Dec 2009 03:42:31 +0000

Why some short sales will never close http://bit.ly/8sPN6k

By: realdiggity

realdiggity — Mon, 14 Dec 2009 03:25:59 +0000

Lenders Making Bank: Bush, Obama & the FDIC: comments http://bit.ly/5fqNFd

By: kristin terry

kristin terry — Mon, 14 Dec 2009 01:53:27 +0000

Lenders Making Bank: Bush, Obama & the FDIC: Anyone ever have the short sale deal that makes sense collapse, on.. http://bit.ly/8H0FRY